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    Key features

    • A freehold investment comprising ground floor commercial unit
    • Situated on a prominent secondary parade in Northumberland Heath
    • Let to a long standing tenant since July 2005
    • Current rent producing £15,500 per annum

    Description

    A freehold commercial investment and development opportunity. The property is arranged as a 500 sq. ft (approx.) ground floor lock up shop and a flat in the upper parts sold off on a long lease (61 years unexpired). The shop is let on a new 12 year lease at a passing rent of £15,500 p.a. The flat, which is sold off on a 999 year lease at a peppercorn ground rent.

    Additional information

    Tenure

    Freehold.

    Tenancy

    Ground Floor Commercial Unit:

    Tenant: TOKS 05 Hair Salon

    Rent: £15,500 p.a.

    Lease: A new year 12 lease starting from 9th March 2023 to 9th March 2035

    Next Rent Review: 10th March 2029


    Upper Floors Flat:

    The flat, which is sold off on a 999 year lease at a peppercorn ground rent.

    Rent

    Current rent producing £15,500 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Erith is a town in Kent bordering the south side of the River Thames.

      The property is situated on Bexley Road which offers a selection of local shops, supermarkets, restaurants and bars.

      Sporting opportunities can be found nearby, including Barnehurst Golf Course, Danson Sports FC and Erith Town FC.

      Neighbouring occupiers include Tesco, Day Lewis, BP, Pizza Hut and Acorn!

      The property is accessible via the A2 which also provides road communications into Central London and to the south east coast via the M2.

      Transport

      National Rail - Barnehurst (Thameslink & southeastern)

      Local bus routes, including direct services to London Bridge and London Victoria

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums